Sonnedix Japan closes first ever portfolio financing agreement to optimise operations
18 April 2024
18 April 2024 Tokyo, Japan – Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), the global renewable energy producer with over 3GW operating capacity, announces the successful refinancing of a portfolio of solar PV plants across Japan.
Sonnedix Japan has combined and closed a portfolio financing for eight of its high voltage projects in Japan, with a combined capacity of 18MW. This marks Sonnedix’s first portfolio financing in Japan, which will enable significant streamlining of processes and will further optimize the operation and management of Sonnedix’s high-quality solar PV assets in the country.
The JPY5,295 million (EUR33 million) agreement, secured from joint lenders MUFG Bank, Ltd and The Iyo Bank, Ltd, also demonstrates Sonnedix’s strong banking relationships in the region and its position as a long-term player in the Japanese renewable energy market.
Combined with a continuous focus on utilising the best technology available, activity such as this refinancing allows Sonnedix to responsibly maximize efficiencies of its renewable power assets and ensures the sustainability and longevity of its solar PV plants throughout the country.
Sonnedix Japan has an established presence as a trusted provider of renewable energy in the region. It currently operates 25 solar PV projects in the country, with a total of c.495 MW controlled capacity.
Axel Thiemann, CEO of Sonnedix, commented:
“This refinancing, our first portfolio financing in the Japanese market, is a fantastic demonstration of how Sonnedix continues to deliver on optimising our operations and assets across the globe. Driven by our long-term commitment to the Japanese renewable energy market, we continue to focus on further establishing ourselves as a trusted partner in Japan, providing clean, affordable and secure energy sources to help meet decarbonisation goals.”
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About Sonnedix Japan
Established in 2013, Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by the Sonnedix Group (www.sonnedix.com). At present, Sonnedix Japan has a total capacity of 495MW, including 25 operational solar PV plants across the country.
For more information, please visit https://sonnedix.jp/
About Sonnedix
Sonnedix is a global renewable energy producer with over a decade-long trajectory of sustainable growth. Sonnedix develops, builds, and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to our customers, and acting as a true social citizen there where it operates.
Sonnedix currently has a total capacity of over 10GW, including a development pipeline of more than 6GW, across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, USA, and UK. The company continues to expand its global footprint across OECD countries, through acquisitions and development of renewable energy projects.
For more information, please visit www.sonnedix.com
Media contact: sonnedix@fticonsulting.com